One of the many changes to corporate governance in the wake of the financial crisis was to give public company shareholders a (non-binding) "say-on-pay" vote, which would allow them to periodically vote for or against a company's executives' compensation packages. This article details a recent "no" vote for compensation packages at financial services giant Citigroup, and examines what this could mean for the company (and similarly situated companies) going forward.
- Summary by FizzLaw Team
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Citigroup Shareholders Reject Compensation Plan